WHO'S RESPONSIBLE FOR THE NATIONAL DEBT?

By Michael Rivero

Let us imagine for a moment that you go to a restaurant, and you place an order for a hamburger. The proprietor of the restaurant tells you the cost is $10 for the hamburger, and you pay $10 for the hamburger. You get your food. No problems. Well worth the money you paid for it. No complaints.

Then when you are done eating, the owner of the restaurant shows up at your table, apologizes profusely, explains that he underestimated the real cost of providing you with the hamburger he agreed to serve you and hands you a bill for an additional sum he had to borrow in order to provide the meal plus interest since the start of your meal. Do you pay it? Of course not. You, the customer, entered into a verbal contract with the proprietor of the restaurant to provide you with your meal at the price agreed to by all parties prior to the transaction.

If the proprietor of the restaurant has miscalculated the cost of meeting his agreed-to obligation to the customer, is the customer obligated to cover the shortfall? No. The proprietor of the restaurant is responsible for the error, and if he cannot meet his agreed-to obligations for the agreed-upon price, he should declare bankruptcy, go out of business, and make way for a new restaurant with better fiscal sense.


Simple common sense.

Let us imagine for a moment that you live in a nation, and you request some benefits. The government tells you the cost is $1000 for the benefits, and you pay $1000 in taxes for the benefits. You get your benefits. No problems. Well worth the money you paid for them. No complaints.


Then when you have your benefits, the government shows up at your door, apologizes profusely, explains that it underestimated the real cost of providing you with the benefits it agreed to provide and hands you a bill for an additional sum it had to borrow in order to provide the services, plus interest since the start of your use of the benefits. Do you pay it? Of course not. You, the citizen, entered into a verbal contract with the government to provide you with your benefits at the taxes agreed to by all parties prior to the transaction.

If the government has miscalculated the cost of meeting the agreed-to obligation to the citizen, is the citizen obligated to cover the shortfall? No. The government is responsible for the error, and if it cannot meet it's agreed-to obligations for the agreed-upon price, it should declare bankruptcy, go out of business, and make way for a new government with better fiscal sense.

Simple common sense.

The claim is constantly made that "we" (meaning the citizens) have already spent the almost 30 trillion dollars that the Federal Government owes and that therefore "we" (meaning the citizens) must repay it.* This is nonsense. No taxpayer alive now ever voted or otherwise agreed to allow the government to borrow money on their behalf and agreed to underwrite the resultant ruinous interest obligation. No citizen spent that money. The government spent it, to keep promises it had no business making in the first place.

The Federal Reserve Act (Otherwise known as the currency act) was voted into law December 23, 1913. The people who voted in that law are all dead.

No taxpayer alive today had anything to say about repaying any money the government borrowed to keep it's promises. We did not have any choice in the matter. We did not choose to accept this obligation. It has been forced on us. It was manufactured for us by a government that spends the peoples' money not on the people,. but on wars of conquest, gifts to Israel, and endless bailouts for Wall Street and European bankers.

Certainly the young people who are becoming voters and taxpayers this year have had no say at all about the almost 30 trillion dollar debt that our government hands to them and says, "This thou shalt pay". To so encumber our children without their permission is at best indentured servitude; at the worst outright slavery. It is time for the slaves to rebel.

We The People didn't borrow that 30 trillion dollars. We The People, those of us alive today, paying taxes today, have never had the opportunity to decide whether or not we are obligated to cover the bad debts of a government that gets elected by selling $10 dollar hamburgers, only to tell us after election day that they really cost $15 and we are now obligated for that additional $5.

Every man, woman, retired senior citizen and even the tiniest newborn baby are being told that they owe a hundred thousand dollars extra for services that were bought and paid for by an agreed-to tax rate.

Are those tiny newborn babies really obligated for $100,000 because of a law passed 84 years before they were born?
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Are those tiny newborn babies really obligated for $100,000 because our government makes promises it cannot keep?

Or is it time for the Federal Government to declare bankruptcy and make way for something better?

Why Housing Prices Keep Falling

Come on people, this isn't that hard to figure out -

A lead foreclosure fraud investigator for the state said she and a colleague were forced to resign from the Florida attorney general's office, unexpectedly ending their nearly yearlong pursuit to hold law firms and banks accountable.

Former Assistant Attorney General Theresa Edwards and colleague June Clarkson had been investigating the state's so-called "foreclosure mills," uncovering evidence of legal malpractice that also implicated banks and loan serv­icers.

Despite positive performance evaluations, Edwards said the two were told during a meeting with their supervisor in late May to give up their jobs voluntarily or be let go.

The Real Effect
Do we really believe for a moment that the group that thinks that limits on it's excesses are a sin would voluntarily cut it's own bureaucracy to save money or discipline bad workers? No? Good, now that we got that garbage out of the way we can view this for what this is. Here is a quick, simple explanation -

• Banks control the money
• Politicians want money, banks want less competition
• Politicians write the rules that banks want
• Banks fund politicians
• Politicians ignore banks extracting wealth out of the "commoners"

 How do we get out? Repudiate the debt.

News Corps Makes Corporate Welfare a Sport

Get your brain around this one -

Call it the gift that keeps on giving (if one is a corporation that is): the US Tax system, so effective at extracting income tax from America's working class, is just as "effective" at redistributing said income tax at the corporate level. Case in point: News Corp, which after generating $10.4 billion in profits over the past 4 years, and which would have been expected to pay the IRS $3.6 billion at the statutory corporate tax rate, instead received $4.6 billion back from Uncle Sam. Bottom line: Murdoch's corporation had a cash paid tax rate of -46% between 2007 and 2010. The culrpit: two little somethings called Deferred Tax Assets and Net Operating Loss Carry-forwards.

The Real Effect
Now, I don't blame News Corps for gaming working the system to their advantage, but can we please stop with the double standards in this country?

To start, funds are fungible. How does one prove that one dollar went here and then went there? Quite a difficult thing to prove at times. As a matter of fact, 'money laundering' becomes a way to 'game' the system and get what you want, somewhat legally. But should we be surprised at such behavior? If something is not illegal, it is legal and yet our laws become more and more obtuse, enforceable on the whims of a despotic madman who feels that we've taken more then our share because we spent the money on something he disagrees with. Isn't this the point of free-market capitalism? That an individual is free from intervention and able to use his resources as he sees fit?

Yet, if an individual receives money from the government, who coincidentally seems to be the only one with money left, we are told that we must comply with hundreds of thousands of bureaucratic regulations and dictates. If  we deliberately chose something else, let alone slip up, we risk imprisonment. But we are not able to dictate to our captors how they get that money in the first place, else once again we risk imprisonment.

Do a little experiment once and compare that to the budget authority for the SNAP program. (Food stamps). The profits of one company equal a significant percentage (in the neighborhood of 5%) of the budget for food for 1/7 of the ENTIRE NATION.

The problem then becomes that neither side wants to part with their blood money. The left cannot fathom allowing individuals to make stupid choices themselves so they attempt to force the correct ones. The right having joined the party is simply blind to the fact that this is not business in this country but in truth oligarchical fascism a-la Coca-Cola.

The solution? End the fascism. Bring the money back to the earners. Allow them to experience the pain AND the pleasure of their choices.

Greece a Dress Rehearsal for United States

"Republicans will point at Democrats and Democrats will blame Republicans"

Does everyone remember Mad Libs? 'It's not _____ fault that the economy sucks and we spend so much money -

So the fondest Washington hopes for a grand debt-limit deal have broken down over taxes. House Speaker John Boehner said late Saturday that he couldn't move ahead with a $4 trillion deal because President Obama was insisting on a $1 trillion tax increase, and the White House quickly denounced House Republicans for scuttling debt reduction and preventing "the very wealthiest and special interests from paying their fair share."

The Real Effect
I don't seem to remember non-Democrats or Republicans getting the helm in the Federal Government for the last, oh 100 years.Let's see, Democrats are at the helm now and the situation hasn't improved and Republicans were in charge when this whole thing started and they both make for larger governments, I see a bit of a trend forming here...

Let us now step into our time machine and wisk back, almost 5 years ago, to that great bastion of freedom, one George W. Bush's take on how to deal with our issues. From his 2007 State of the Union we get these gems -

• "First, we must balance the federal budget." "What we need to do is impose spending discipline in Washington, D.C." (Oh my, how did that work for you?)
• "Social Security and Medicare and Medicaid are commitments of conscience, so it is our duty to keep them permanently sound. " 
• "We must increase funds for students who struggle"  
• "A future of hope and opportunity requires that all our citizens have affordable and available health care. When it comes to health care, government has an obligation to care for the elderly, the disabled, and poor children."
•  "I have asked the Secretary of Health and Human Services to work with Congress to take existing federal funds and use them to create “Affordable Choices” grants." 
• "I ask Congress to double the current capacity of the Strategic Petroleum Reserve."

Seeing as how the Republican leader at the time was advocating the same fiscal policies that the Democrats are, there may be difference in some rhetoric but little difference in the ways of substance. To get a little further up to speed, let's see what Boehner had to say about Rep. Ron Paul half a year ago -

Five GOP leadership aides, speaking anonymously because a decision isn't final, say incoming House Speaker John Boehner has discussed ways to prevent Paul from becoming chairman or to keep him on a tight leash if he does. If Boehner, who will help determine who gets to chair subcommittees as early as Dec. 8, rejects Paul, he may have to contend with thousands of grassroots supporters and dozens of younger lawmakers who see Paul as a hero.

 Now, let's pretend for a moment that there was a man, who warned you that a barbarian horde was knocking on your city gates and was about to destroy you and your city. Yet this man is minimized and openly mocked as some sort of naysayer by your current counsel. Fast forwards three years and the hordes have you backed into the castle keep and you, like a fool, are still listening to the counsel that advised you to ignore the warnings of this man.

At this point, you deserve several things:

1. To be run out of power. You have done nothing to avoid this situation and your judgment is at best seriously questionable.
2. To be tried and possibly executed for dereliction of duty. It was your job that you campaigned for that you whored yourself out for the highest bidder. This is called treason.
3. To have your decisions reversed and your ill-gotten resources confiscated.
4. To have any of your progeny or disciples barred from serving for at least one generation.

Despite these realities, here we stand today twiddling our thumbs talking about peas and adults while the country is being economically savaged by blood-thirsty barbarians ransacking and looting. Yet we are openly discussing 'letting the horde take just a bit more money as long as we kick them out in the future' with the very party that LET THE HORDE IN!?!

There is but one word for this - MADNESS.

Update: Boehner certainly doesn't disappoint, well the big spenders at least -

House Speaker John Boehner said he agrees that the U.S. debt limit must be raised and the government can’t be allowed to default on its debts, but he also said Democrats are not serious enough about trimming entitlement programs.

I Pledge Allegiance To America's Debt, And To The Chinese Government That Lends Us Money (Video)

Armed Americans Confront Police Checkpoint in California July 5, 2011

Italy Implodes as the Eurozone Breaks Down

Zero Hedge speaks to the next major catastrophe brewing -

Remember Italy? That country we have been warning will be the next casualty as Europe's implosion tsunami sweeps everything in its path? Well, UniCredit is now down over 8%, well beyond the price it was halted at and falling. UCG Sr CDS 250/260; Subs are 458/478. ASSGEN next.

Elsewhere, Banco Populare was just halted and unhalted and is now down 6%.

 The Real Effect
Let's review, from February 2010 -

 I do know that Greece's woes are going to blow out into the eurozone specifically Spain, Portugal, Italy and Ireland as they are all big holders of Greek bonds. This in turn will cause their economies to suffer as the fallout becomes contagious. Yet America plugs along, content to repeat these mistakes as we "integrate" and "harmonize" our way into oblivion.

Let's see Greece is a full fledged nightmare, check. Spain is now rioting, check, Portugal is right behind them, check. Ireland blew up, check. Oh and here's Italy, right on cue. And all of this was predicted before Greece became a household name. Niiiice.

This is part of long-reaching, globalist plan. Take a look -

• 1957 Establishment of the European Economic Community (EEC) with Germany, France, Italy and the Benelux countries.
• 1967 Creation of the European Community (EC).
• 1987 The "Single European Act" provides for the creation of the Single European Market from 1993 and establishes the goal of a Monetary Union.
• 1990 Start of stage one of European Monetary Union (EMU) with the full liberalization of capital movements.
• 1991 Conclusion of the "Maastricht Treaty" on European Union (EU), establishment of the timetable for Monetary Union.
• 1993 Start of the Single Market permitting the free movement of people, goods, capital and services.
• 1994 Start of stage two of EMU. The European Monetary Institute (EMI) is established.
• 1998 Decision on EMU participants, confirmation of the starting date; establishment of the ECB. 1999 Start of the Monetary Union with the fixing of exchange rates; the ECB assumes responsibility for monetary policy and operates in euro; start of the currency changeover in the financial sector.
• 2002 Euro notes and coins replace the national currencies.

Did we mention that  Peter D. Sutherland, (Chairman, Goldman Sachs International) and Franco Bernabè (CEO, Telecom Italia SpA) were at this year's Bilderberg conference? I'm sure they were playing checkers and not throttling maids in their hotel rooms.

Sept. 15, 2010, House VA Committee hearing: Sergeant Chuck Luther describes how he was tortured by U.S. Army officials

The Revolution Has Begun In Europe

NATO Dumps Depleted Uranium on Libya - This is What Freedom Looks Like

Like there was any doubt from the beginning. Explain to me again how this is a humanitarian mission -

Bombed sites in Libya have been visited by professional scientists working in the Surveying and Collecting Specimens and Laboratory Measuring Group. The scientists and trained experts have conducted field surveys looking for radioactive isotopes (radioisotopes) at bombed sites. The samples from these sites were then scientifically analyzed at the laboratories of the Nuclear Energy Institution of the Libyan Arab Jamahiriya.

Analysis in Libya through inductively coupled plasma has shown that several sites contain even higher than expected doses of uranium. Holes caused by NATO missiles also have high radioactive measurements, as do the fragments of NATO ordinance. Sites analyzed by the teams of scientists include Bab Al-Azizia and Souk Al-Ahad.

The Real Effect
It is mildly amusing to watch individuals discuss this war. On the one hand, you have clueless Democrats describing the dropping of bombs on a sovereign country under the auspices of NATO as not a war, but a kinetic military action. As if the label changes the act. They have not declared war, they are in violation of the War Powers Act much more so the Constitution. Yet, insanity is not the exclusive domain of the left. We also have war hungry Republicans which have yet to meet a war they didn't love. It seems their love for forcibly "exportin' freedom!" and their fear of anything nuclear is enough to get them to violate their own precepts as they spray half the world with radioactive material. At least they're savin' childrun.

US Propaganda - Watch Out

The inevitable starts crashing down -

The U.S. Military hired a California company to create software that allows one person to control up to 10 different and sophisticated fake online personas.

The Guardian reported today that United States Central Command (Centcom) doesn't plan to use the program domestically. Instead, the paper reports quoting Bill Speaks, Centcom spokesman, the military wants to use it in the Middle East and Asia to "counter violent extremist and enemy propaganda outside the US."

The Real Effect
While nothing overtly new, the information is raised to the reader to illustrate several key points.

• Define propaganda. 
• Is a difference in opinion being treated as propaganda by establishment?
• How do we know that these false profiles are not being used to vote in online polls in order to justify or even determine "public policy"?

 We are in dangerous territory now. The truth died long ago, but now what we have is no longer a corpse masquerading as truth, but a full fledged zombie-informational nightmare. How can the people honestly make true decisions when they are being lied to by their employee-representatives? They have a word for that in the legal word. It's called, um...wait, I got it...oh yeah... FRAUD.

Thorium Revolt: Mineral to replace uranium as nuclear power source?

The Lords are Building Castles

I love stories like this -

Despite the objections of his neighbors, Mayor Antonio Villaraigosa has ordered city officials to proceed with a plan to erect a six-foot wall around the mayor’s mansion.

The wall — which would flank the sides of Getty House in Hancock Park — recently drew the ire of local residents in February when Villaraigosa filed a request for a local variance that prohibits any fencing that exceeds 42 inches in height.

A proposed design for the wall includes “embedded” security features that the mayor’s office said will save trim the costs of security staffing.

Villaraigosa has deflected much of the public criticism aimed at the structure towards federal officials.

The Los Angeles Police Department reportedly proposed the idea after the Department of Homeland Security found that the home could be breached.

The Real Effect
Wow, what to say. Let's look at some of the issues -

• This is hardly accessible government. Building a wall makes it more difficult to gain access to an official. If the Mayor has issues with lynch mobs, perhaps he should stop governing in the fashion to which he is accustomed.
• If his neighbors wanted a wall, they couldn't have one. But if you're important, you get one. This is exactly the opposite of what a lawful Republic is supposed to be.
• "Embedded" features? Cameras? Gatling guns?
• Even the Feds via the DHS are involved in this.
• I'm guessing that public funds are being used to build this wall.

Once again, we have public officials ignoring their constituents wishes and doing what's best for themselves. If these laws are so bad that we need constant variances, perhaps we should REPEAL THE LAW.

Confirmed - Obama's Birth Certificate is a Forgery

Was there really any doubt -

A nationally recognized computer expert who has served as contributing author and technical editor for more than 100 books on Adobe and Microsoft software says the Obama long-form birth-certificate image released by the White House is a fraudulent document created with Adobe software.

"The PDF file released by the White House contains evidence of manipulation suggesting that one or more forgers utilized existing Hawaiian birth certificates to assemble fraudulently for Barack Obama a document the president presented to the world as authentic," Mara Zebest told WND.

Zebest has prepared a full analysis of the image that was presented April 27 by Barack Obama to the world as a copy of his original birth documentation in the state of Hawaii.

Read the full analysis of the Obama long-form birth certificate image released to the public.

The image released online is a copy of Obama's copy of the original, as are the paper copies that were handed out to reporters.

 The Real Effect
As stated back in May, the birth certificate is a forgery. Anyone with two eyeballs and no agenda can see that. This does not conclusively prove that it is a forgery, but the rest of the process appears to be a mere formality at this point.

And yet, the Congress will cast token votes to principally oppose the coming ground war in but refuse to actually do the one thing in their power to stop it. Defund it. Oh, if only there were some magical thing they could do to stop Obama, but they're just one lowly Congressman. Does anyone really believe that there will be much outcry when we actually invade Libya, a sovereign nation?

'Athens police worse than anything we've seen before'

Video of Euro funeral: Nigel Farage buries bankrupt currency in Brussels

TSA/ VIPR Pushing the Constitutional Boundries to the Moon

It won't be long until their policy is to inspect it all -

As part of the TSA's request for FY 2012 funding, TSA Administrator John Pistole told Congress last week that the TSA conducts 8,000 unannounced security screenings every year. These screenings, conducted with local law enforcement agencies as well as immigration, can be as simple as checking out cargo at a busy seaport. But more and more, they seem to involve giving airport-style pat-downs and screenings of unsuspecting passengers at bus terminals, ferries, and even subways.

These surprise visits are part of the TSA's VIPR program: Visible Intermodal Prevention and Response. The VIPR program first started doing searches in 2007, and has grown since then. Currently, the TSA only has 25 VIPR teams doing these impromptu searches: in 2012, it wants to get 12 more.

VIPR operations are now even targeting freight trucks on highways. In addition to the random checks on public transit systems, it makes you wonder: can private vehicles be far behind? Will there be any mode of transportation beyond the reach of the TSA?

UPDATE: According to at least one news report out of Brownsville, Texas, TSA/VIPR has already conducted unannounced inspections of private passenger cars and trucks. Thanks for the tip, reader @jwindz.

The Real Effect
This was first brought to the reader's attention here almost six years ago, the ethics were illustrated in July of 2005 (pay particular attention to the comments section and witness CINO Tea Party capitulation even back then), the natural consequences in July. The subject was revisited in detail in August, we covered child indoctrination in September (Coincidentally the 7 year old that played with this at the time is now only 5 years away from being an adult), and finally again in December of 2005, in an effort to warn readers about the gradual mission creep.

Doubtless, some well-meaning narrow-sighted person will ask, just how did we get here. The answer, we willingly and purposefully walked into the camps my dear.

(See this resource for the absolute nauseating list of TSA abuse that has so far infiltrated this country.)

Belfast riots: Video of Irish youths attacking police vans

The US Is Slipping Into Historical Irrelevancy

Everybody wants to be king, or so the saying goes -

In less than 40 years India will overtake the US as the world’s second-largest trading nation, pushing today's superpower into third place and Europe in to the little leagues, according to a new report by Citi.

“According to our projections, world trade in goods and services will grow from $37 trillion in 2010 to $149 trillion in 2030 and $371 trillion in 2050,” Citigroup’s William Buiter and Ebrahim Rahbari wrote in a research note released on Thursday.

China is making it's presence known -

Japan's Defense Ministry said Thursday 11 Chinese warships were spotted in international waters off the country's southern island of Okinawa.

No territorial violations were claimed by Japan, but the movements are sensitive because Japan and China have a dispute over small islands in the East China Sea.

The Real Effect
I'm constantly surprised at the absolute historical ignorance demonstrated by most Americans in this day and age. To put it simply, there is such a disconnect between liberty, prosperity and their brains that they really think that any and all ideas are good ideas. Earth to the brain dead, there is a reason why the Soviet Union collapsed. Yet, like the child that never learns, once again we find him trying the same failed experiment again.

Make no mistake, the seeds to America's destruction have been sown and contrary to some thinking, it's not the gays that did this to us. No, we are all quite capable of digging our own grave thank you very much. For it would seem that the Creator of our world has set natural laws in place that we broke of our volition. We have starved people via our money printing. We have murdered in the name of "choice" and "safety". We have refused to recognize the order and like Icarus, we will collide.

Then it all crashes down
And you break your crown
And you point your finger
But there's no one around

Just want one thing
Just to play the king
But the castle's crumbled
And you're left with just a thing

Where's your crown, King Nothing?

There is no government that can solve this, no program which will redistribute righteousness. We must look deep and hard in the looking glass and reach in and each take our responsibilities and our rights back and use them in the manner in which they were intended. We must become the individuals that legends are made of. We must honor the order. Until we do that, there is nothing that can save us from the hell that we vigorously chose.